Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (1162E)
July 02 2019 - 2:00AM
UK Regulatory
TIDMCCSL
RNS Number : 1162E
Chenavari Capital Solutions Limited
02 July 2019
Chenavari Capital Solutions Limited (the Company)
2 July 2019
Partial Compulsory Redemption of Shares
Following the redemption of 7,008,525 Redeemable Ordinary Shares
of No Par Value ("Ordinary Shares") at a rate of 89.89 pence per
Ordinary Share on 1 July 2019 (as previously announced on 17 June
2019), the Company now has 45,605,992 Ordinary Shares in issue.
With effect from today the Company's Ordinary Shares will trade
under the new ISIN number GG00BKDSHG52.
On this basis, a holder of 10,000 Ordinary Shares will have
1,332 Ordinary Shares redeemed, and receive GBP1,197.33 in cash.
Approximately 13.3% of the issued share capital was redeemed.
In conformity with the FCA's Disclosure Guidance and
Transparency Rules (DTR 5.6.1), the Company notifies that the
Company's issued share capital now consists of 45,605,992 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 45,605,992.
This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure Guidance and Transparency Rules
(DTR 5.1.2).
It is expected that the proceeds of the redemption will be paid
through CREST to holders of Ordinary Shares in uncertificated form,
and paid by cheque to holders of Ordinary Shares in certificated
form, on 16 July 2019.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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